Hubert Senters here.
Let’s take a look at how to deal with something when you are trading in one direction and it starts heading in the other direction. And in this trading I’ve got all kinds of caution so there’s not a big emphasis on ‘’oh my god, I got to jump out of the trade or anything.’’ But you may want to tighten up some stuff. You may want to reverse and go the other direction. Depends on your style really.
So in this example we can see that the 10 year note is going down and it ramp back up and then it went back down, ramp back up, went back down and now it’s bouncing again. So one of the things I use for an early warning detection device is a smaller timeframe. So this is a daily chart.
So what I’ll look at is all look at a 10 minute timeframe. I am going to bring that in and a 10 minute timeframe and if I’m trading daily intraday I should say that is a long when it goes above the clouds. Let me zoom out here or zoom in so you can see this. So in a ten minute when it crosses back up here I know that’s good for at least four hours of move in probably the north direction in the other direction. Okay.
And I go sort of to bug me. I mean a short that I’m on a hold longer at least until you know first part of June not a big deal. Now, when I start seeing stuff like an hourly that’ll get my attention a little bit more because an hourly is going to give me at least three to five days of move to the high side so.
The 10 will give me the warning then the 60 goes oh, there’s the 60. Okay. Now, this is going to move probably up for the next three to five days. And as long as it doesn’t wiggle me out of my position I don’t really care. But if you’re one of those people like ‘’hey, I just got short right here and then it starts moving up against it’’ that’s a different scenario.
But if you’re short from substantially higher it’s not that big of a deal. You just know like ‘’oh, here comes an adjustment. I have to ride through that. Don’t look at it too much. Don’t jump out of it.’’ You never get smarter once you’re in trade. But as you can see the 60 minute sell signal one day down, two day down, three day down, four day down and then at re-tests on the fifth day.
If you just go back in time you can see that happens a lot. So if you do, if you are in a swing trade either up or down and you see an hourly buy or sell signal you may want to adjust your position.
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Good luck. Hope it helps. And I’ll see you in the next video.
Hubert.
